Important Banking Awareness Questions for RBI Assistant

Important Banking Awareness Questions for RBI Assistant

Q.1. International Seafarers Welfare and Assistance Network (ISWAN) is in ________.

Ans: Britain

Q.2. Recently Matt Prior has announced his retirement. He is a _______.

Ans: cricketer 

Q.3. Recently Vedanta Ltd. announced to absorb which of the following oil firms?

Ans: Cairn India 

Q.4. According to the global financial services major, Citigroup's report India's GDP growth is likely to revive to___________ in 2015.

Ans: 7.9 percent 

Q.5. Recently creator of world famous Rock Garden ______ passed away.

Ans: Nek Chand 

Q.6. Who won gold in 85kg category of the Free Style event in Asian Cadet Wrestling Championship?

Ans: Arun Kumar 

Q7. Recently Indian-origin US Surgeon __________ received the Pride of the Community Award by

Ans: Vivek Murthy 

Q.8. Who has topped the list of top-50 Highest Rated CEOs in 2015 by career website Glassdoor?

Ans: Larry Page 

Q.9. Recently a mobile app named Payzapp has been launched by which bank?

Ans: HDFC Bank 

Q.10. Recently Indian para-athlete ________ has been selected as one of the Queen's Young Leaders Award winners from across all the Commonwealth Nations.

Ans: Devika Malik

Q.11. Recently China lowered its full-year GDP growth forecast to ______from the previous estimate of 7.1 percent.

Ans: 7 percent 

Q.12. Recently _______ has become the sixth-largest mining company in the world in terms of market capitalization.

Ans: Coal India Limited 

Q.13. Recently ADB announced to give _________ loan assistance to the West Bengal Government for developing the 231-km long North-South corridor in the State.

Ans: 3,200 crore rupees

Q.14. Recently how many agreements were signed at the 3rd China-South Asia Expo?

Ans: 300

Q.15. According to Paris-based think tank OECD which economy showed the "strongest growth" in the first quarter of 2015?

Ans: India 

Q.16. Recently Sheila Kaul passed away. She was the former Governor of which state?

Ans: Himachal Pradesh

Q.17. Who took over as India's new Cabinet Secretary?

Ans: Pradeep Kumar Sinha

Q.18. Recently how many people have been selected for Sangeet Akademi Fellowships-2014?

Ans: 4

Q.19. Recently FDI inflows into the services sector grew to __________ in 2014-15.

Ans: 3.2 billion dollars

Q.20. Recently which Indian cricketer has attained ninth place in the all-time highest Test wicket-taker's list?

Ans: Harbhajan Singh

Q.21. Name the England's bowler who has been honoured by Queen Elizabeth II with Officer of the Most Excellent Order of the British Empire (OBE)?

Ans: James Anderson 

Q.22. Recently who has been appointed as Director of Indian Statistical Institute (ISI)?

Ans: Prof Sanghmitra Bandyopadhayay 

Q.23. As per recently released report by British Petroleum (BP) Energy Company which of the following has become the world’s largest oil producer in 2014?

Ans: United States 

Q.24. Recently who has been re-elected the President of the Tamil Nadu Cricket Association (TCA)?

Ans: N. Srinivasan 

Q.25. Recently _____chief executive Dick Costolo announced to resign from his post.

Ans: Twitter 

Q.26. Recently with which of the following All India Football Federation (AIFF) signed an agreement to participate closely in the development of Football?

Ans: Sports Authority of India 

Q.27. Recently ________ gave permission to Non-Resident Indians (NRIs) to invest in regulated chit funds in India.

Ans: RBI 

Q.28. Recently which country has decided to end its local currency?

Ans: Zimbabwe 

Q.29. Recently Chandu Mhatre passed away. He was a _________.

Ans: photojournalist

Important Banking Awareness Questions for RBI Assistant Exam 2015

Important Banking Awareness Questions for RBI Assistant Exam 2015

Q.1.  Who has been named as San Francisco Global Movie Fest's Lifetime Achievement Award winner?

Ans: Bappi Lahiri 

Q.2. Name the only Indian sportsman who is among Forbes magazine's 100 highest-paid athletes list.

Ans: Mahendra Singh Dhoni 

Q.3. Recently how many African countries have signed a historic Tripartite Free Trade Area (TFTA) deal?

Ans: 26 

Q.4. Recently Pakistan and ____________ signed an agreement for construction of six patrol vessels for the Pakistan Maritime Security Agency (PMSA).

Ans: China 

Q.5. Who has been named as Delhi government’s new law minister?

Ans: Kapil Mishra 

Q.6. Expand BBIN.

Ans: Bangladesh, Bhutan, India and Nepal 

Q.7. According to World Bank GEP report which country for the first time is leading the World Bank's growth chart of major economies?

Ans: India

Q.8. With which bank Kochi Metro Rail Limited (KMRL) signed an agreement to gain substantially from the Automated Fare Collection (AFC) system?

Ans: Axis Bank 

Q.9. Who is the new Director of CSIR-Indian Institute of Chemical Technology (IICT)?

Ans: Dr. Srivari Chandrasekhar 

Q.10. What is the rank of Indian Institute of Science, Bangalore in the Times Higher Education Asia University Ranking 2015 released recently?

Ans: 37th

Banking Awareness Questions for Banking Exam

Q.1. What is the position of India globally in terms of hiring outlook of companies?

Ans: Second

Q.2. Recently who has been appointed as Asian Development Bank's Vice-President for Private Sector and Co-financing Operations? 

Ans: Diwakar Gupta 

Q.3. Who has been entrusted with the additional charge of the MD & CEO of Bank of Baroda?

Ans: Ranjan Dhawan

Q.4. Who has been appointed as the new chief of National Security Guard (NSG)? 

Ans: R.C. Tayal 

Q.5. Recently India has imposed anti-dumping duty for some industrial-grade stainless steel imported from China, Malaysia and __________. 

Ans: South Korea 

Q.6. Recently who has been appointed as Executive Director of the United Nations Institute for Training and Research (UNITAR)? 

Ans: Nikhil Seth 

Q.7. US President Barack Obama nominated Syria envoy Daniel Rubinstein as the next ambassador to _________. 

Ans: Tunisia 

Q.8. Recently who has won 2015 Union of European Football Associations (UEFA) Champions League trophy? 

Ans: Barcelona FC 

Q.9. Recently ___________and BPDB signed a MoU to set up two coal-fired plants with a total capacity of 1,600 MW in Bangladesh. 

Ans: Adani Power 

Q.10. Recently Dr. Mahesh Neelkanth Buch, widely regarded as the architect of modern Bhopal, passed away. He was a/an ___________. 

Ans: Bureaucrat

Q.11. According to World Bank report which of the following is not among the top five emerging economies for highest investment commitments in private sector and infrastructure sectors in 2014?

Ans: China

Q.12. Recently which district of Uttar Pradesh has been included in National Capital Region (NCR)?

Ans: Muzaffarnagar

Q.13. Recently who has been appointed as non-executive chairman of ICICI Bank?

Ans: M.K. Sharma

Q.14. With which bank the Indian Army inked an agreement for defence salary package?

Ans: Punjab National Bank

Q.15. Who has been appointed as India's new Chief Information Commissioner (CIC)? 

Ans: Vijay Sharma 

Q.16. Which of the following has been named 2015 Best Outsourcing Thought Leadership Awards (BOTL) winner?

Ans: Wipro Ltd.

Q.17. Expand SDR Scheme launched by RBI recently. 

Ans: Strategic Debt Restructuring Scheme 

Q.18. What is the new name of EPFO Bhavishya Nidhi Adalat?

Ans: Nidhi Aapke Nikat

Q.19. Which space agency was honoured with Space Pioneer award for the year 2015?

Ans: ISRO

Q.20. How many medals were won by India in the 7th International Junior Shotgun Cup held in Orimattila, Finland?

Ans: Four

Banking Awareness Quiz - 1

Q.1. Recently how many new bus services were launched jointly by Prime Ministers of India and Bangladesh? 

Ans: Two 

Q.2. Who has been appointed as the head of newly formed eight-member committee to review the Companies Act, 2013? 

Ans: Anjuly Chib Duggal 

Q.3. Who won the 2015 Baileys Women's Prize for Fiction? 

Ans: Ali Smith

Q.4. Recently who won French Open Tennis Grand Slam men’s singles title? 

Ans: Stanislas Wawrinka 

Q.5.  Recently how many agreements have been signed between India and Bangladesh? 

Ans: 22 

Q.6. Recently India announced a fresh ________ line of credit for Bangladesh. 

Ans: $2 billion 

Q.7. Which of the following has been the top source of FDI into India in 2014-15? 

Ans: Mauritius 

Q.8. Recently India-born ________resigned as the Co-CEO of Germany's biggest bank, Deutsche Bank. 

Ans: Anshu Jain 

Q.9. How many Indo-Canadians have been honoured with 'ICCC Annual Awards 2015' in Canada? 

Ans: 11 

Q.10. Who has been appointed as new Chairman of Walmart Stores Inc? 

Ans: Greg Penner 

Q.11. Recently who won French Open Tennis Grand Slam women’s singles title? 

Ans: Serena Williams 

Banking Awareness Questions - 2

1. Which among the following is the first universal bank of India?

• 1) HDFC 
• 2) Axis Bank 
• 3) ICICI 
• 4) Federal Bank 
• 5) None of these

Ans: (3)

2. Which of the following is not classified as a commercial Bank ?

• 1) Regional Rural Bank 
• 2) Private Sector Bank 
• 3) Foreign Bank 
• 4) Co-operative Bank 
• 5) None of these

Ans: (4)

3. The securities that the Banks purchase with the intention of keeping them till they mature, fall in which of the following categories ?

• 1) Held till maturity 
• 2) Fixed securities
• 3) Fixed time securities 
• 4) Permanent securities 
• 5) None of these

Ans: (1)

4. Free shares of stock given to share holders at present, based upon the number of shares that a share holder owns are:-

• 1) Right issues 
• 2) Bonus shares 
• 3) IPO 
• 4) Preferential shares 
• 5) None of these

Ans: (2)

5. Budget is an instrument of -

• 1) Commercial policy of the government 
• 2) Fiscal policy of the Government
• 3) Monetary policy of the government 
• 4) Money-saving policy of the government 
• 5) None of these

Ans: (2)

6. A debit card holder cannot perform which of the following functions?

• 1) Make Point of Sale (POS) purchase 
• 2) Recharge pre-paid mobile phones
• 3) Pay Life insurance premium 
• 4) Make donation
• 5) None of the above

Ans: (5)

7. Which of the following is the best option to park money for a long period of time to earn a high rate of interest?

• 1) Savings account 
• 2) Current account 
• 3) Deposit account 
• 4) Recurring account 
• 5) None of these

Ans: (3)

8. CRR refers to the share of _____ that rural banks have to maintain with RBI of their net demand and time liabilities ?

• 1) Liquid cash 
• 2) Gold 
• 3) Forex reserves 
• 4) Illiquid cash 
• 5) None of these

Ans: (1)

9. Credit risk to the bank is high from which of these card ?

• 1) ATM cards 
• 2) Debit cards 
• 3) Credit cards 
• 4) All of these 
• 5) None of these

Ans: (3)

10. Mortgage is a -

• 1) Security on immovable property for a loan given by a bank
• 2) Security on movable property for a loan given by a bank
• 3) Security on immovable property for a deposit received by a bank
• 4) Concession on immovable property for a loan given by a bank
• 5) None of these

Ans: (1)

Banking Awareness Questions - 1

1. Which is the first bank to get ISO certificate?

• 1) Corporation Bank
• 2) UBI
• 3) Canara Bank
• 4) Syndicate Bank
• 5) ICICI

Ans: (3)

2. Which bank bagged the Core Banking System Initiative Award for the year 2014 at the Asian Banking and Finance - Retail Banking Awards 2014?

• 1) SBI
• 2) ICICI Bank
• 3) Bharathiya Mahila Bank
• 4) Standard Bank
• 5) None of these

Ans: (3)

3. In the IBA Banking Technology Awards 2014, Best Financial Inclusion Initiative award among Public Sector bank conferred on ..............

• 1) SBI
• 2) Corporation Bank
• 3) Andhra Bank
• 4) Bank of Baroda
• 5) IOB

Ans: (4)

4. Which bank has launched the country's first contactless debit and credit cards on 7 January 2015?

• 1) HDFC
• 2) SBI
• 3) ICICI
• 4) Union Bank of India
• 5) Yes Bank

Ans: (3)

5. On 7 May 2015, RBI said with effect from September 1, 2015 all new cards issued - debit and credit, domestic and international - by banks shall be EMV chip and pin based cards. EMV stands for ................

• 1) Europay, Mastro and Visa.
• 2) Euro, Master Card and Visa.
• 3) Europay, Master Card and Visulas.
• 4) Entitlement of Master Card and Visa.
• 5) Europay, Master Card and Visa.

Ans: (5)

6. If the customer can do all transactions only in a branch and the branch has no online access, it is called .............

• 1) Online Banking
• 2) Internet Banking
• 3) Virtual Banking
• 4) Brick and Mortar Banking
• 5) None of these

Ans: (4)

7. Kisan Credit Card (KCC) scheme introduced in .................. has emerged as an innovative credit delivery mechanism to meet the production credit requirements of the farmers in a timely and hassle - free manner.

• 1) 1998
• 2) 2000
• 3) 2001
• 4) 1991
• 5) 2004

Ans: (1)

8. To make KCC a Smart Card cum Debit Card, Government of India had constituted a Working Group under the Chairmanship of ..................

• 1) C. Ranga Rajan
• 2) Chanda Kocchar
• 3) Arundhathi Bhattacharya
• 4) D. Subba Rao
• 5) T.M. Bhasin

Ans: (5)

9. In 2014, Competition Commission of India probed the merger between regional rural banks sponsored by Punjab National Bank and ................

• 1) Andhra Bank
• 2) Union Bank of India
• 3) State Bank of India
• 4) Syndicate Bank
• 5) None of these

Ans: (4)

10. A personal loan is a kind of unsecured loan which can be used for any purpose that the borrower deems necessary. The loan backed only by promise to repay, and for this reason the personal loan also called...........

• 1) Signature loans
• 2) Secured loans
• 3) Priority sector loan
• 4) Transfer loan
• 5) None of these

Ans: (1)

11. AMFI is dedicated to developing the Indian Mutual Fund Industry on professional, healthy and ethical lines and to enhance and maintain standards in the industry. AMFI stands for ...............

• 1) Association of Mutual Funds in India
• 2) Authority of Mutual Funds in India
• 3) Amalgamation of Mutual Funds in India
• 4) Association of Mutual Finance in India
• 5) None of these

Ans: (1)

12. Providing Gas subsidy, government pensions, providing scholarships etc through banks called as ...............

• 1) Social Banking
• 2) Area Banking
• 3) Royal Banking
• 4) Visual Banking
• 5) None of these

Ans: (1)

13. As a part of financial inclusion, Bank on Wheels is a banking kiosk in a mobile van which goes to various rural villages as per the predetermined schedule to provide the banking services to the rural Indians. This Vehicle Tracking through GPRS. GPRS stands for .............

• 1) General Packet Radio Service
• 2) General Packet Running Service
• 3) Gross Packet Radio Service
• 4) Gain Packet Radio Service
• 5) General Packet Radio Store

Ans: (1)

14. A collection of investment tools such as stocks, shares, mutual funds, bonds, cash and so on depending on the investor's income, budget and convenient time frame. The art of selecting the right investment policy for the individuals in terms of minimum risk and maximum return is called as .........

• 1) Portfolio management
• 2) Credit creation
• 3) Amortized management
• 4) Zero account
• 5) None of these

Ans: (1)

15. Which of the following banking does not come under Social Banking?

• 1) Crediting the LPG subsidy in the beneficiary bank account
• 2) Offering Jan Dhan Scheme accounts
• 3) Allowing students to credit their scholarships through No-frill accounts
• 4) Allowing the subsidy loan to disadvantage sections of the society
• 5) All of the above banking operations come under social banking

Ans: (3)

SBI & IBPS : Banking Awareness Questions

1. Which of the following is not a primary function of a Bank?  

• (A) Granting Loans 
• (B) Collecting Cheques/Drafts customers 
• (C) Facilitating import of goods 
• (D) Issuing Bank Drafts 
• (E) Selling Gold/Silver Coins 

Ans: (C) 

2. Assume that Reserve Bank of India reduces the Bank Rate by 1%, what will be its impact?  

• (A) Less liquidity in the market 
• (B) More liquidity in the market 
• (C) No change in the liquidity in the market 
• (D) Mobilization of more deposits by commercial-banks 
• (E) None of these 

Ans: (B) 

3. Many times we read the term ‘ECB’ in newspapers. What is the full form of ‘ECB’ ?  

• (A) Essential Commercial Banking 
• (B) European Credit Borrowing 
• (C) External Credit For Business 
• (D) External Commercial Borrowing 
• (E) None of these 

Ans: (D) 

4. Monetary Policy as an arm of the economic policy is administered by–  

• (A) Government of India 
• (B) Reserve Bank of India 
• (C) State Bank of India 
• (D) Governments of the respective states 
• (E) None of these 

Ans: (B) 

5. The Banking Ombudsman–  

• (A) is in charge of bank loans for buses 
• (B) fixes the rates of interest for loans 
• (C) resolves complaints of customers 
• (D) issues licences for new bank branches 
• (E) is the head of all nationalised banks 

Ans: (C) 

6. Reserves which can act as a liquidity buffer for commercial banks during crisis times are–  

• (A) CAR 
• (B) CRR 
• (C) CAR and CRR 
• (D) CRR and SLR 
• (E) SLR 

Ans: (E) 

7. For repayment of loan availed from Banks NBFC we come across a term known as EMI what does it stand for?  

• (A) Equated Money Index 
• (B) Easy Money Installment 
• (C) Equated Monthly Installment 
• (D) Equal Monthly Installment 
• (E) Equal Minimum Installment 

Ans: (C) 

8. Many a times we read in the news paper about CASA deposits of banks. CASA deposits are.  

• (A) Demand deposits 
• (B) Term deposits 
• (C) Hybrid deposits 
• (D) Recurring deposits 
• (E) Special schemes of banks 

Ans: (A) 

9. While investing in mutual funds we come across a term called NAV. What is the meaning of NAV?  

• (A) Net Annual Value 
• (B) Non Asset Value 
• (C) Net Actual Value 
• (D) Net Asset Value 
• (E) Net Average Value 

Ans: (D) 

10. Which of the following is NOT classified as a commercial bank?  

• (A) Public sector bank 
• (B) Foreign bank 
• (C) Private sector bank 
• (D) Regional rural bank 
• (E) Urban cooperative bank 

Ans: (E) 

11. Whose signature is found on a 50 rupee currency note in India?

• (A) President of India 
• (B) Governor, RBI 
• (C) Finance Minister 
• (D) Prime Minister of India 
• (E) Secretary, Ministry of Finance 

Ans: (B) 

12. Which of the following institutions is involved mainly in granting Housing Loans?  

• (A) RBI 
• (B) SBI 
• (C) IBA 
• (D) ICICI 
• (E) HDFC 

Ans: (E) 

13. Which of the following terms is not related to banking?  

• (A) Repayment 
• (B) Loan 
• (C) NPA 
• (D) Fasting 
• (E) Deposit 

Ans: (D)

14. Almost all banks in our country have introduced facility for granting crop loans to farmers. 

• (A) Term Loans 
• (B) Kisan Credit Cards 
• (C) Bank Guarantee 
• (D) Foreign Exchange 
• (E) Reverse Mortgage 

Ans: (B) 

15. Which of the following is not the name of a Banking Organisation?  

• (A) HDFC 
• (B) IDBI 
• (C) YES 
• (D) SEBI 
• (E) ICICI 

Ans: (D) 

Banking Awareness Questions for SBI PO 2015

1. The usual deposit accounts of banks are

• 1.Current Accounts, Insurance Premium Account and Electricity accounts
• 2.Current Accounts, Post office Savings account and Term deposit accounts
• 3.Loan Accounts, Term Deposit accounts and Savings Account
• 4.Term Deposit accounts, Current Accounts and Savings Account
• 5.Current bill accounts and term deposit account

Ans: (4)

2. Accounts are allowed to operated by Cheques in respect of

• 1.Both Savings Accounts and Fixed Deposit accounts
• 2.Savings account and Current Accounts
• 3.Both Savings and Loan Accounts
• 4.Both savings bank accounts and cash accounts only
• 5.Both current account and fixed deposit accounts

Ans: (2)

3. What are ‘Open Market Operations"?

• 1.Activities of SEBI­registered brokers 
• 2.Selling of currency by the RBI 
• 3.Selling of gilt­edged securities by the government 
• 4.Sale of share by FIIs 
• 5.None of these

Ans: (3)

4. Which of the following statement is true about Bank?

• 1.Banks cannot accept demand and time deposit from Public
• 2.Banks can accept only demand deposit from public
• 3.Banks can accept only time deposit from public
• 4.Banks can accept both demand and time deposit from Public
• 5.Banks can accept demand and time deposit from Government only

Ans: (4)

5. Which of the following is a foreign bank having branches in India?

• 1.HDFC Bank
• 2.ICICI Bank
• 3.Yes Bank
• 4.Standard Chartered Bank
• 5.Syndicate Bank

Ans: (4)

6. When a bank returns a cheque unpaid, it is called?

• 1.Payment of cheque
• 2.Dishonor of cheque
• 3.Cancelling of cheque
• 4.Drawing of cheque
• 5.None of these

Ans: (2)

7. Which of the following terms is used in the field of banking and finance?

• 1.Investment
• 2.Genetics
• 3.Resistance
• 4.Metabolic Reaction
• 5.None of these

Ans: (1)

8. The Public Sector Banks are banks where a majority state is held by the Government. Which
of the following banks is the second largest Public sector banks among the 236 PSBs in India
in terms of Profit?

• 1.Bank of India
• 2.Punjab National Bank
• 3.Bank of Baroda
• 4.Central Bank of India
• 5.Canara Bank

Ans: (3)

9. Consider the following statements with respect to IFSC code used in Banking System:
A) IFSC Stands for Indian Financial System Code 
B) It is an 11­digit alphanumeric Unique Code 
C) IFSC is used be the NEFT system to route the message to the destination banks/branches.

• 1.Only A
• 2.Only B
• 3.Only C
• 4.Only B and C
• 5.All A, B and C

Ans: (5)

10. Consider the following with respect to the term 'Core Inflation': 
A) Core Inflation is the inflation rate of a particular basket of commodities 
B) Core Inflation is the sudden increase in prices of certain items of food grains 
C) Core inflation is caused by supply shock in certain essential commodities

• 1.Only A
• 2.Only B
• 3.Only C
• 4.Only A and B
• 5.None of these

Ans: (1)

11. ASBA is a mechanism for subscribing to applications in Initial Public Offerings (IPOs). ASBA stands for

• 1.Application Supported by Blocked Amount 
• 2.Application Submitted with Blocked Amount 
• 3.Acquired Shares by Blocked Amount 
• 4.Application Supported by Balance Amount
• 5.None of these

Ans: (1)

12. In regards to insurance, “A policy provision that allows a policy to be restored from a lapsed status and resume active coverage” is termed as?

• 1.Reaffirmation
• 2.Reinsurance 
• 3.Reinstatement
• 4.Revocation 
• 5.None of these

Ans: (3)

13. “The termination of an insurance policy due to non­payment of premium” is technically called as?

• 1.Death 
• 2.Lapse 
• 3.Forfeiture 
• 4.Seize
• 5.None of these

Ans: (2)

14. Interest Rate payable on Saving Bank account is

• 1.regulated by RBI
• 2.regulated by State Government
• 3.regulated by Central Government
• 4.not regulated by RBI
• 5.regulated by Finance Ministry

Ans: (4)

15. In the opening of Savings Account (few other accounts also) bank ask to write Nominee name. Who shall be nominee?

• 1.Any person
• 2.Known person only
• 3.Female only
• 4.Close blood relation only
• 5.Account holder in that bank only

Ans: (4)

Banking Awareness Questions for SBI PO 2015

1. Which one of the following is not an electronic Banking delivery channel?  

• (A) Mobile Vans 
• (B) Mobile Phone Banking 
• (C) Internet Banking 
• (D) Tele Banking 
• (E) ATM 

Ans: (A)

2. Loan of very small amounts given to low income groups is called.  

• (A) Cash credit 
• (B) Micro credit 
• (C) Simple overdraft 
• (D) No frills loans 
• (E) Rural credit 

Ans: (B)

3. What does the letter ‘L’ stands for in the term LAF commonly used in financial/economic news?  

• (A) Liquidity 
• (B) Least 
• (C) Liabilities 
• (D) Long 
• (E) Liquid 

Ans: (A) 

4. Which one of the following is a Credit Card Association?  

• (A) India Card 
• (B) Master Card 
• (C) SBI Cards 
• (D) City Bank Cards 
• (E) BOB Card

Ans: (B) 

5. Credit risk to the bank is high from which of these cards?

• (A) Debit cards 
• (B) Credit cards 
• (C) ATM cards 
• (D) All the above 
• (E) None of these 

Ans: (B)  

6. The Rate at which the domestic currency can be converted into foreign currency and vice-versa is known as the.  

• (A) Exchange rate 
• (B) MIBOR 
• (C) Inter bank Call money rate 
• (D) Base rate 
• (E) UBOR 

Ans: (A) 

7. Crossing on a cheque can be cancelled by the ________ of the cheque, under his full signature.  

• (A) payee 
• (B) drawee 
• (C) endorser 
• (D) holder 
• (E) drawer 

Ans: (E) 

8. Bank branches which can undertake foreign exchange business directly are known as in foreign exchange.  

• (A) Authorized dealers 
• (B) Foreign dealers 
• (C) Overseas branches 
• (D) Approved dealers 
• (E) Exchange branches 

Ans: (A) 

9. Insurance cover for bank deposits in our country is provided by.  

• (A) SBI 
• (B) Govt. of India 
• (C) GIC 
• (D) UCI 
• (E) DICGC 

Ans: (E) 

10. Depreciation of an asset occurs due to.  

• (A) Fire in the unit 
• (B) Theft 
• (C) Labour Trouble 
• (D) Wear and tear 
• (E) None of these 

Ans: (D) 

11. When a banker talks about CDR, what is he talking about?  

• (A) Corporate Debt Restructuring 
• (B) Corporate Debt Rollover 
• (C) Company Debt Rollover 
• (D) Corporate Deposit Restructuring 
• (E) Company Deposit Restructuring 

Ans: (A) 

12. Expand the term ALM as used in Banking/Finance sector ?  

• (A) Asset Liability Management 
• (B) Asset Liability Maturity 
• (C) Asset Liability Mismatch 
• (D) Asset Liability Manpower 
• (E) Asset Liability Maintenance 

Ans: (A) 

13. Cash Reserve Ratio (CRR) and Statutory’ Liquidity Ratio (SLR) are terms most closely related to which of the following industries/ markets?  

• (A) Capital Market 
• (B) Banking industry 
• (C) Commodities market 
• (D) Money Market 
• (E) Mutual fund industry 

Ans: (B) 

14. What is the maximum period for which domestic term deposits are normally accepted by banks in our country?  

• (A) 3 years 
• (B) 5 years 
• (C) 7 years 
• (D) 10 years 
• (E) 12 years 

Ans: (D) 

15. Which of the following is NOT a source of funds of a commercial bank?  

• (A) Capital 
• (B) Borrowings from RBI 
• (C) Call money borrowings 
• (D) Deposits 
• (E) Cash Reserves with RBI 

Ans: (A)

Current Affairs and Banking Awareness Quiz for SBI PO 2015

1. Which term is used for the banking service that is provided to unemployed or low-income individuals?

• a) SME loan
• b) Promissory note
• c) microfinance
• d) letter of credit
• e) None of these

Ans: (c)
2. Where is the Bank of International Settlement headquartered?

• a) Belgium
• b) France
• c) Germany
• d) Switzerland
• e) Italy

Ans: (d)
3. The service sector contributes ________ per cent in gross domestic product (GDP) at factor cost (at current prices) in 2013 - 14?

• a) 74 per cent
• b) 34 per cent
• c) 17 per cent
• d) 57 per cent
• e) 28 per cent

Ans: (d)
4. The Vice President of India Hamid Ansari released the English translation of the book “Suleiman Charitra” recently. Who among the following wrote this book originally in Sanskrit?

• a) AND Haksar 
• b) Kalyana Malla
• c) Sri Lal Sukla 
• d) Ravuri Bharadhwaja
• e) Bhalchandra Nemade 

Ans: (b)
5. The Government has launched HRIDAY project which is aimed at _________.

• a) Rejuvenating rich cultural heritage of India
• b) Establishing old – age homes
• c) Welfare of handicapped
• d) Saving girl child
• e) None of these

Ans: (a)
6. India ranks ______ among 30 countries in the annual Intellectual Property Index 2015 released by the US Chambers of Commerce on 4 Feb?

• a) 25th
• b) 22nd
• c) 21st
• d) 29th
• e) 30th

Ans:  (d)
7. Hrushikesh Moolgaonkar, who passed away recently, was the former ________.

• a) Air Chief Marshal 
• b) Chief of Army Staff
• c) Chief of Naval Staff 
• d) first Director General of BSF
• e) None of these 

Ans: (a)
8. China is planning to build a USD 250-bn 7000km-long high-speed railway line to connect Beijing with ___________.

• a) Paris
• b) Kathmandu
• c) Dhaka
• d) Moscow
• e) Naypyidaw

Ans:  (d)
9. The RBI has doubled the eligibility limit for foreign exchange remittances under the Liberalised Remittance Scheme (LRS). Now, what is the eligibility limit for foreign exchange under the LRS per person per year?

• a) USD 160,000
• b) USD 500,000
• c) USD 250,000
• d) USD 500,000
• e) Other than those given as options

Ans: (c)
10. Which state has won the 10th National Award for excellent work in Mahatma Gandhi National Rural Employment Guarantee Act, 2005 (MGBREGA)?

• a) Himachal Pradesh
• b) Kerala
• c) Tamil Nadu
• d) Karnataka
• e) Madhya Pradesh

Ans: (e)
11. Which countries is not a member of 21 member of the Asia-pacific Economic Cooperation (APEC), as India will soon be a member of the powerful international grouping?

• a) Russia
• b) Australia
• c) Japan
• d) Vietnam
• e) Other than those given as options

Ans:  (e)
12. The US space agency NASA has launched its SMAP satellite, which is mainly aimed to________.

• a) Collecting soil from Mars
• b) Observing soil moisture of the earth
• c) Monitoring satellites
• d) Mobile surveillance
• e) Other than those given as options

Ans: (b)
13. The book “A Shot at History: My Obsessive Journey to Olympic Gold” is the autobiography of who among the following Indian players?

• a) Deepika Kumari 
• b) Mary Kom
• c) Laishram Sarita Devi 
• d) Abhinav Bindra
• e) Saina Nehwal 

Ans: (d)
14. Which of the following US states on 9 Apr passed a bill that would allow nitrogen gas as an execution method?

• a) Oklahoma 
• b) Kentucky
• c) Georgia 
• d) California
• e) Arizona 

Ans: (a)
15. As predicted in the semi-annual report of the World Bank, what could be the GDP growth rate of India in FY 2015-16?

• a) 7 per cent
• b) 7.5 per cent
• c) 8 per cent 
• d) 8.5 per cent
• e) 9 per cent 

Ans: (b)

Important Banking Awareness Questions for SBI PO 2015

1. Interest payable on savings bank accounts is 

• (A) not regulated by RBI 
• (B) regulated by Sate Governments 
• (C) regulated by Central Government 
• (D) regulated by RBI 
• (E) regulated by Finance minister 

Ans: (D)
2. Fixed deposits and recurring deposits are

• (A) repayable after an agreed period 
• (B) repayable on demand 
• (C) not repayable 
• (D) repayable after death of depositors 
• (E) repayable on demand or after an agreed period as per bank’s choice 

Ans: (B)
3. When a bank returns a cheque unpaid, it is called 

• (A) payment of the cheque 
• (B) drawing of the cheque 
• (C) cancelling of the cheque 
• (D) dishonor of the cheque 
• (E) taking of the cheque 

Ans:  (D)
4. Which of the following states became the first state in the country to launch RBI’s e-payment system for commercial tax payers?

• (A) Andhra Pradesh 
• (B) Kerala 
• (C) Gujarat 
• (D) Maharashtra 
• (E) Karnataka 

Ans: (E)
5. NEFT means–  

• (A) National Electronic Funds Transfer system 
• (B) Negotiated Efficient Fund Transfer system 
• (C) National Efficient Fund Transfer solution 
• (D) Non Effective Fund Transfer system 
• (E) Negotiated Electronic Foreign Transfer system 

Ans: (A)
6. Largest shareholder (in percentage shareholding) of a nationalized bank is 

• (A) RBI 
• (B) NABARD 
• (C) LICI 
• (D) Govt. of India 
• (E) IBA 

Ans: (D)
7. Banks in our country normally publicise that additional interest rate is allowed on retail domestic term deposits of  

• (A) Minors 
• (B) Married women 
• (C) Senior citizens 
• (D) Govt. employees 
• (E) Rural residents 

Ans: (C)
8. A centralized database with online connectivity to branches, internet as well as ATM-network which has been adopted by almost all major banks of our country is known as  

• (A) investment banking 
• (B) core banking 
• (C) mobile banking 
• (D) national banking 
• (E) specialized banking 

Ans: (E)
9. With a view to facilitate payment of balance in the deposit account to the person named by the depositor without any hassles in the event of death of the account holder, the following facility was introduced for bank accounts in our country–  

• (A) Will 
• (B) Registration 
• (C) Nomination 
• (D) Indemnity 
• (E) Guarantee 

Ans: (C)
10. What is money laundering?  

• (A) Conversion of assets into cash 
• (B) Conversion of Money which is illegally obtained 
• (C) Conversion of cash into gold 
• (D) Conversion of gold into cash 
• (E) Conversion of gold with foreign currency 

Ans:  (B)
11. Which one of the following is not a salient feature of debit card? 

• (A) No bad debts to banks and no suits for recovery 
• (B) No interest earning for banks 
• (C) Works like a normal withdrawal slip 
• (D) 45 days credit is given to the card holder 
• (E) All the above 

Ans: (D)
12. Which of the following is a measure taken by Reserve Bank of India to control inflation in our country?  

• (A) Increase in CRR 
• (B) Increase in SLR 
• (C) Contraction of supply of currency 
• (D) Raising of Repo / Reverse Repo Rate 
• (E) Decrease the SLR 

Ans: (D)
13. What type of loan is granted by banks for purchase of white goods?  

• (A) Consumption loan 
• (B) Mortgage loan 
• (C) Consumer durables loan 
• (D) Home loan 
• (E) None of these 

Ans: (C)
14. What is a stale cheque?  

• (A) A cheque issued without drawer’s signature 
• (B) A cheque with only signature of the drawer 
• (C) A cheque which has completed six months from its date of issue 
• (D) A six months’ post dated cheque 
• (E) Anyone of these 

Ans:  (C)
15. Which one of the following constitutes the largest percentage of Retail loans in India?  

• (A) Auto loans 
• (B) Personal loans 
• (C) Personal overdrafts 
• (D) Consumer loans 
• (E) Home loans 

Ans: (E)